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Minimum wage policy and inequality in Latin America and the Caribbean

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  • Gindling, T.H.
  • Ronconi, Lucas

Abstract

In this chapter we review the literature and inform policy debates about the effects of minimum wages (MW) on income inequality in Latin America and the Caribbean (LAC). Earnings are the primary source of income among families, especially in the lower part of the earnings and household income distribution. It is reasonable, therefore, to expect increases in the minimum wage to have a significant impact on earnings and income inequality.

Suggested Citation

  • Gindling, T.H. & Ronconi, Lucas, 2023. "Minimum wage policy and inequality in Latin America and the Caribbean," LSE Research Online Documents on Economics 119635, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:119635
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    JEL classification:

    • J88 - Labor and Demographic Economics - - Labor Standards - - - Public Policy
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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